Risecomm plans HK$128m rights issue to address net liabilities

Risecomm Group Holdings proposes raising HK$127.86 million through a non-underwritten rights issue, offering five new shares for every existing share after a 5-for-1 consolidation.

The company will use HK$100.58 million to repay current liabilities and HK$25.15 million for working capital, addressing net liabilities of RMB111.35 million as of December 31, 2024.